Breaking News
SMEs weighed down by ATO repayment plan
by Malavika Santhebennur • 17 Oct 2019
Research from Sail Finance has revealed that most finance brokers believe the ATO’s repayment plan for small...READ MORE
Aussie calls for prescription in best interests duty
by Charbel Kadib • 16 Oct 2019
The broking franchise group has called on Treasury to introduce prescriptive subordinate regulations for matters where... READ MORE
Disclosure ‘not the silver bullet’ for consumer protection
by Charbel Kadib • 16 Oct 2019
ASIC has released a new report into the effectiveness of financial product disclosure, in which it has sought to debunk... READ MORE
ME joins uno’s lender panel
by Malavika Santhebennur • 16 Oct 2019
The non-major has joined an online mortgage broker’s lender panel.
READ MOREHeritage Bank drops floor rate
by Reporter • 16 Oct 2019
The member-owned bank has announced a second cut to its interest rate floor for mortgage serviceability... READ MORE
Learnings from the EU Study Tour
by Annie Kane • 15 Oct 2019
The Adviser’s EU Study Tour 2019 took place in Dublin, Ireland, last week, looking at how European regulation,... READ MORE
FBAA backs new mortgage pricing inquiry
by Charbel Kadib • 15 Oct 2019
The head of the FBAA has expressed strong support for the ACCC’s new inquiry into mortgage pricing, stating that... READ MORE
Brokers the ‘first line of defence’ for application accuracy
by Hannah Dowling • 15 Oct 2019
In a post-royal commission environment, brokers are labelled the “first line of defence” for financial application... READ MORE
Loan Market appoints new state director
by Reporter • 15 Oct 2019
The broking franchise group has announced the appointment of a state director to lead its operations in Victoria and... READ MORE
CBA, Westpac lose ground in broker space
by Charbel Kadib • 14 Oct 2019
The major banks’ share of the third-party channel has dwindled over the past quarter, according to new data from... READ MORE
Aussie broker volumes bounce
by Charbel Kadib • 14 Oct 2019
The broking franchise has reported a sharp rise in home loan settlements, particularly via both the first home buyer... READ MORE
Broker launches ‘home loans for the homeless’
by Hannah Dowling • 14 Oct 2019
A Sydney-based brokerage has announced a new initiative to help provide 10,000 nights of shelter to homeless families... READ MORE
One-man broker firms untenable
by Malavika Santhebennur • 14 Oct 2019
A Sydney-based broker opines that broker firms need a team of brokers to operate efficiently as home loan applications... READ MORE
Mortgagors most likely to seek product switch
by Hannah Dowling • 11 Oct 2019
Home loan account holders are more likely to seek financial assistance than holders of other financial products, a new... READ MORE
Non-bank lender launches new loan product
by Malavika Santhebennur • 11 Oct 2019
A non-bank lender has announced that it is piloting a new loan product that will enable small businesses access to... READ MORE
AMP merges banking and wealth division, bank CEO steps down
by Charbel Kadib • 11 Oct 2019
The financial services giant has announced the merger of its banking and wealth divisions following the resignation of... READ MORE
Aggregator co-founder resigns
by Charbel Kadib • 10 Oct 2019
A veteran of the mortgage broking industry and co-founder of a major aggregator has stepped down from his role.
READ MORELender appoints national broker manager
by Charbel Kadib • 10 Oct 2019
A non-bank lender has announced the appointment of a national broker channel manager to help bolster its presence in... READ MORE
AFG volumes propelled by market tailwinds
by Charbel Kadib • 10 Oct 2019
The aggregator has kicked-off the 2020 financial year with a sharp uptick in residential mortgage volumes.
READ MOREBig 4 bank cuts fixed rates by up to 40 bps
by Hannah Dowling • 10 Oct 2019
A major bank has announced cuts of up to 40 basis points across fixed rate home loan products for owner-occupiers and... READ MORE
Aggregator pushes for broker wellbeing
by Malavika Santhebennur • 10 Oct 2019
The CEO of a mortgage aggregator has stressed the importance of mental health among mortgage brokers on World Mental... READ MORE
Regulators downplay impact of lower floor rates
by Charbel Kadib • 10 Oct 2019
APRA’s serviceability changes have only had a “small” impact on residential mortgage growth, with most... READ MORE
Suncorp highlights broker utility in Treasury submission
by Charbel Kadib • 9 Oct 2019
The non-major bank has lodged a submission to Treasury as part of the consultation process for the proposed best... READ MORE
Resimac, Citi cut variable rates
by Hannah Dowling • 9 Oct 2019
Both lenders have announced cuts to variable interest rates by 15 basis points, short of the full 25 basis point cut by... READ MORE
Non-major appoints interim CFO
by Malavika Santhebennur • 9 Oct 2019
MyState Bank has appointed Gary Dickson to the role of interim CFO.
READ MORELenders need to ‘get with the program’ on digitised variations
by Hannah Dowling • 9 Oct 2019
With digital loan applications now an industry standard, lenders should be focused on the digitisation of the loans... READ MORE
Macquarie outperforms majors in mortgage market
by Charbel Kadib • 8 Oct 2019
The non-major bank has recorded stronger mortgage portfolio growth than each of the big four banks, new APRA data has... READ MORE
GO1.com launches scholarship program for brokers
by Reporter • 8 Oct 2019
Compliance, professional development and training platform GO1 has announced the launch of a scholarship program... READ MORE
Short-term lender launches in-house auditorium
by Malavika Santhebennur • 8 Oct 2019
HomeSec Business Finance has announced the opening of a $650,000 conference facility for use by brokers and broking... READ MORE
Smartphone enters consumer finance market
by Malavika Santhebennur • 8 Oct 2019
Smartphone brand realme will enter the consumer finance market in Australia through Make It Mine.
READ MORE
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